5 Top Features Tenants Look for in Rental Properties
Published on: Saturday, November 20th, 2021
Creating the right property for your tenants is important if you want to ensure they’ll be excited to apply to rent from you. Property owners want to create great spaces for tenants while also providing rental parts that will last for a long time, so they don’t have to be replaced or repaired.
These are the top features tenants want that landlords are happy to install!
1. Floors That They Can Trust
Tenants don’t want to have to interrupt their day to call maintenance: and they want their floors to look as new as possible at all times. So property owners must make sure to put in a solid faux hardwood floor instead of natural wood so that they can avoid any scratches, dents, stains, or other issues that come with natural wood.
Thankfully a faux hardwood floor can come in a large variety of colors, finishes, designs, and stains that will ensure you can make your property as unique as possible. It’s a good idea to install these because they can last twenty to thirty years before they need replacement and look amazing for the entire time. No refinishing or staining is required.
2. Safe and Secure Delivery Lockers
There’s been a large issue within the last ten years of packages missing and mail being stolen. Items online can be expensive, and if they go missing from the wrong seller, we may be denied the chance to get a refund or replacement. As the property owner, you must ensure that their mail is safe and secure.A great way to show you’re committed to this is offering apartment mailboxes indoors and delivery lockers that only tenants can open. This will keep the renter’s items safe and save you from having to worry about talking to your tenants about theft because of missing mail.
3. Gorgeous Exterior that Feels Like Home
When tenants move into your rental property, they’re making a new home for themselves. This means creating a space that feels safe, comfortable, and attractive for them. Therefore, it’s a good idea to make a rental property that’s alluring and good-looking so that people will be excited to call it their home while they’re there!
One of the most important pieces of a residence’s appearance is its siding. Whether you go for vertical house siding options or you prefer brick, think about the aesthetics of the area you’re in, your budget, and what people will expect from their rental company. Siding allows you to change it up in color, texture, and finish so that your property looks unique and intriguing, so it’s often the better choice.
4. Good Location
Tenants need to be close to the things that matter to them. For most, this includes their jobs. Scoring a location close to a large business-district, or an area that will allow people to work at businesses that will pay them enough to pay rent is a great idea. Not only can you charge more because they’re in a metropolitan area, but you also won’t ever have to worry about running out of people applying since these portions of cities are incredibly popular.
If you’ve already purchased your property and you’re not in a location like this, you can still capitalize off of your area! Make sure to advertise the amenities the rental property is near, like local parks, schools, and entertainment, to paint a picture of the site as an ideal and gorgeous place to live.
5. Fantastic HVAC System
After the wild weather America has experienced over the last few years, it’s clear to many that their HVAC system needs to be the best possible. Not only is this important to ensure that they don’t suffer from the heat and cold, but also for the health of their family. Therefore, it’s important to put in a high-grade natural gas or efficient electric heating system and ensure that their entire HVAC system is up to date and functioning perfectly.
Natural gas offers you the chance to allow the tenants to have the most cost effective option available, and is best at delivering constant and reliable heat, but if you’d prefer electric it’s a good idea to weigh your options.
If you want to take this further and aren’t afraid to spend a little more money to gain a lot more applications from tenants, consider installing smart thermostats. These are inexpensive when bought in bulk, allow tenants to control their thermostat even when they’re not home, and will help your HVAC system last longer since it will not constantly run in every apartment. This is a great investment.
Your Rental Property Is Someone’s Future Home
The most important thing to remember, beyond everything else, is that you’re trying to create a home for someone. This is a space where they’ll live anywhere from six months to ten years, depending on your leases and how much they like the area. Make sure that it’s alluring, has everything they need, and that you’re proud of the property. After all, the better the property is, the more applications you’ll get and the more you can charge!
Ryan Shure is an editor for the Innovative Building Materials blog and a content writer for the building materials industry. He is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that save money, improve energy efficiency, and increase property value.